Major commodities prices started the week with moderate changes after the sharp declines precious metals and energy commodities prices had had during last week: Gold and silver prices slightly declined; Crude oil prices moderately rose; natural gas (Henry Hub) prices continued to decline. Major currencies such as the Euro and AUD depreciated against the US dollar. Here is a summary of the price developments of precious metals and energy commodities for December 19th:
Precious Metals Prices:
Gold price slightly declined on Monday by 0.08% and reached $1,596.70; Silver price also decreased by 2.69% to reach $28.87. During December, gold price declined by 8.8%, and silver price by 11.98%.
The Euro depreciated again against the US dollar by 0.36% to 1.2999. The US Dollar also appreciated against other currencies such as the CAD.
Oil and Gas Prices:
WTI oil price rose yesterday by 0.37% to $93.88 per barrel; Brent oil price also inclined by 0.26% to $104.33 per barrel;
Due to these changes, the gap between Brent oil price and WTI oil prices slightly shrunk to $10.45/bbl. During the month, WTI oil price declined by 6.5%, and Brent oil price by 6.3%.
Natural gas Henry Hub future price (January delivery) slipped by 0.96% to $3.10/mmbtu. The Henry Hub spot price also decreased by 0.33% to $3.02/mmbtu; the difference between the spot and future price slightly dropped to $0.08, i.e. Contango.
A Summary of Yesterday’s Prices Changes:
The table below includes: closing prices, daily percent change, and change in prices and indexes in USD (except for USD/CAD, in which the change is in Canadian dollar):
For further reading:
Weekly Analysis and Outlook:
Monthly Analysis and Outlook: